en-us Reuters) - U.S. Treasury Secretary Timothy Geithner said on Wednesday there was a good case to let some firms use derivatives with little scrutiny for business purposes, but that most trading should face stiffer rules.Renewing a push to tighten regulation of over-the-counter derivatives, Geithner...]]> Wed, 02 Dec 2009 10:00:32 -0800 Wed, 02 Dec 2009 09:27:31 -0800 Tue, 01 Dec 2009 12:15:35 -0800 Reuters UK) - U.S. Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic and financial health in the future."These measures are very much out of step...]]> Sat, 28 Nov 2009 02:15:16 -0800 Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic and financial health in the future."These measures are very much out of step with the...]]> Fri, 27 Nov 2009 18:30:10 -0800 Wed, 25 Nov 2009 15:59:06 -0800 Fri, 20 Nov 2009 15:02:31 -0800 Fri, 20 Nov 2009 01:49:23 -0800 Reuters) - Progress toward tighter U.S. financial regulation faltered in the U.S. Congress on Thursday as a House committee postponed a pivotal vote and Republicans on a Senate committee aired stubborn opposition. The setbacks came as lawmakers streamed out of town for a Thanksgiving holiday break,...]]> Thu, 19 Nov 2009 19:39:04 -0800 Reuters) - Progress toward tighter U.S. financial regulation faltered in the U.S. Congress on Thursday as a House committee postponed a pivotal vote and Republicans on a Senate committee aired stubborn opposition.The setbacks came as lawmakers streamed out of town for a Thanksgiving holiday break, leaving further...]]> Thu, 19 Nov 2009 18:15:30 -0800 Reuters) - Progress toward tighter U.S. financial regulation faltered in the U.S. Congress on Thursday as a House committee postponed a pivotal vote and Republicans on a Senate committee aired stubborn opposition.The setbacks came as lawmakers streamed out of town for a Thanksgiving holiday break, leaving further...]]> Thu, 19 Nov 2009 17:45:16 -0800 AIG C AIG,C Reuters) - U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.Before Congress' Joint Economic Committee, Geithner faced fierce criticism of his role in...]]> Thu, 19 Nov 2009 17:00:17 -0800 AIG AIG Reuters) - U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.Before Congress' Joint Economic Committee, Geithner faced fierce criticism of his role in...]]> Thu, 19 Nov 2009 15:15:17 -0800 AIG AIG Reuters) - U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms. Before Congress' Joint Economic Committee Geithner faced fierce criticism of his role...]]> Thu, 19 Nov 2009 10:34:00 -0800 AIG AIG Thu, 19 Nov 2009 04:50:51 -0800 Reuters) - The U.S. Congress edged closer on Wednesday to creating new government powers to break up giant financial firms, which Europe is already doing, while a U.S. derivatives market crackdown got more complicated.More than a year since the collapse of Lehman Brothers and massive government bailouts...]]> Thu, 19 Nov 2009 03:15:17 -0800 Reuters) - A key U.S. congressional panel moved toward toughening a plan for dealing with "too big to fail" financial firms on Tuesday, while rejecting a Republican alternative that is expected to reappear later.The House Financial Services Committee, locked for weeks in debate over financial reforms, voted...]]> Wed, 18 Nov 2009 03:45:24 -0800 Reuters) - A key U.S. congressional panel moved toward toughening a plan for dealing with "too big to fail" financial firms on Tuesday, while rejecting a Republican alternative backed by Wall Street.The House Financial Services Committee, locked for weeks in debate over financial reforms, voted to kill...]]> Tue, 17 Nov 2009 15:30:20 -0800 Reuters) - A congressional panel accused Bank of America Corp BAC on Tuesday of knowing about Merrill Lynch's huge losses as early as November 2008, suggesting the bank misled investors in saying it did not grasp the depth of the problems until the following...]]> Tue, 17 Nov 2009 13:15:18 -0800 BAC FNM MER BAC,FNM,MER Reuters) - Congress ought to clarify if a proposed super-regulator of the U.S. financial system should be an overlapping overseer of securities and futures exchanges, the chief futures regulator said on Tuesday.Chairman Gary Gensler of the Commodity Futures Trading Commission spoke to the House Agriculture Committee at...]]> Tue, 17 Nov 2009 09:00:22 -0800 CME CME